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's education than father's. More educated women work more hours in the market labor force, broadening the tax base and thereby … expenditures toward women's education …Women and men often receive the same percentage increase in their wage rates with advances in schooling. Because these …
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In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgian component. We show that such a policy change reduces the...
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